Charitable trust assessed as AOP after surrendering s12A registration: taxed at normal AOP slabs, not maximum marginal rate

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....Where an assessee, though assessed as an AOP, is a charitable trust that has surrendered its registration under s.12A and does not claim exemption under s.11, but carries on charitable activities for the benefit of the public at large and has no determinate members, it satisfies the conditions of CBDT Circular No. 320 dated 11-01-1982 for taxation at normal AOP slab rates. Following the earlier decision in the assessee's own case on the same issue, levy of tax at the maximum marginal rate along with surcharge was held inapplicable, and the assessee was directed to be taxed at the normal slab rates applicable to an AOP; the appeal was allowed. - ITAT....